Cheche Group Inc. (NASDAQ:CCG) announced an expansion of its partnership with NIO Inc. (NYSE:NIO) to improve insurance services for NIO’s growing fleet of electric vehicles. The deal focuses on streamlining policy issuance, risk control and claims handling as the automaker scales its multi-brand portfolio. NIO delivered 31,305 vehicles in August, a 55.2% increase from a…
BMW is confident it can return to growth in its largest market China with the all-electric Neue Klasse series, a major overhaul of the company’s portfolio that was kick-started this week with the launch of its first model. “We are more than competitive with this product,” Chief Financial Officer Walter Mertl told Reuters. “With increasing…
The U.S. electric vehicle (EV) market is maturing despite economic headwinds and persistent concerns about charging infrastructure, according to recent EV industry research. This week, location and data technology platform Here Technologies and automotive research firm SBD released their Here-SBD Index 2025, an assessment of EV infrastructure and uptake maturity across all 50 states, the…
On the Dash: Elon Musk predicts that Optimus humanoid robots will eventually make up over 75% of Tesla’s value, with the company’s long-term growth tied heavily to AI and robotics. Optimus is still in development, undergoing internal testing, and industry analysts remain skeptical about Musk’s $25 trillion valuation claims. Tesla’s core automotive business faces challenges,…
BMW i Ventures announced in July that it was investing $11 million in a seed financing round for a California-based battery and technology developer, with hopes for advancing electric vehicle batteries domestically. According to Autoblog, Estes Energy Solutions has a goal to configure batteries with the specific budget and range of transportation firms in mind….
Tesla CEO Elon Musk recently made a bold announcement stating that around 80% of Tesla’s future company value will come from Optimus, Tesla’s humanoid robot project. This statement highlights Musk’s confidence in Optimus as a transformative technology with the potential to redefine Tesla’s business far beyond electric vehicles. While the company continues to face slowing…
Millions of people across the UK are set to benefit from a new £104m funding boost for local transport. Unlike previous allocations focused heavily on metropolitan centres, this latest round will extend resources to towns, rural communities, and regions outside England’s largest cities. The investment, part of the Local Transport Grant (LTG), will empower local…
An EV startup funded by Amazon billionaire Jeff Bezos has landed a top engineer from Tesla as they look to get off the ground. What’s happening? According to Electrek, EV startup Slate Auto has hired Napoleon Reyes, a former crucial cog in Tesla‘s manufacturing and production lines to help build up its Indiana pickup truck…
The upcoming expiration of federal electric vehicle credits is reportedly fueling an automotive sales boom. It’s the end of an era for the United States car sector, The Wall Street Journal reported Monday (Sept. 1). Dealers have spent years selling electric cars but are now preparing for the federal government’s $7,500 tax credit for electric…
Tesla has reached another roadblock as safety officials claim the EV automaker has not always followed procedure when reporting crashes involving its vehicles. What’s happening? The National Highway Traffic Safety Administration has opened a new investigation regarding the way Tesla reports crashes that involve its advanced driver assistance systems, according to Electrek. The publication reported…